Parke Bancorp, Inc. (PKBK) to Issue Quarterly Dividend of $0.14 on January 25th

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Parke Bancorp, Inc. (NASDAQ:PKBK) announced a quarterly dividend on Thursday, December 20th, Wall Street Journal reports. Shareholders of record on Friday, January 11th will be given a dividend of 0.14 per share by the bank on Friday, January 25th. This represents a $0.56 annualized dividend and a yield of 2.85%. The ex-dividend date is Thursday, January 10th.

Parke Bancorp has raised its dividend by an average of 42.4% per year over the last three years and has increased its dividend annually for the last 3 consecutive years.

NASDAQ:PKBK opened at $19.68 on Wednesday. Parke Bancorp has a 12 month low of $16.71 and a 12 month high of $24.80. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.81. The company has a market cap of $202.43 million, a price-to-earnings ratio of 9.73 and a beta of 0.22.

Parke Bancorp (NASDAQ:PKBK) last posted its quarterly earnings data on Wednesday, October 24th. The bank reported $0.56 EPS for the quarter. Parke Bancorp had a return on equity of 16.63% and a net margin of 30.61%. The company had revenue of $13.37 million during the quarter.

In other news, Director Jack C. Sheppard, Jr. acquired 5,000 shares of the business’s stock in a transaction on Tuesday, December 11th. The stock was bought at an average cost of $17.53 per share, for a total transaction of $87,650.00. Following the purchase, the director now owns 75,488 shares in the company, valued at $1,323,304.64. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last quarter, insiders have acquired 6,950 shares of company stock valued at $124,990. 23.53% of the stock is owned by company insiders.

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Parke Bancorp Company Profile

Parke Bancorp, Inc operates as the bank holding company for Parke Bank that provides personal and business financial services to individuals and small to mid-sized businesses. The company offers various deposit products, including checking, savings, money market, and individual retirement accounts, as well as certificates of deposit.

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Dividend History for Parke Bancorp (NASDAQ:PKBK)

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